Mill Capital Management LLC Lowers Stock Holdings in Yum China $YUMC

Mill Capital Management LLC cut its position in Yum China (NYSE:YUMC) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,192 shares of the company’s stock after selling 328 shares during the quarter. Mill Capital Management LLC’s holdings in Yum China were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of YUMC. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Yum China by 5.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,276 shares of the company’s stock valued at $899,000 after acquiring an additional 818 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Yum China during the first quarter worth about $83,000. GF Fund Management CO. LTD. boosted its stake in shares of Yum China by 205.1% in the first quarter. GF Fund Management CO. LTD. now owns 410,800 shares of the company’s stock valued at $21,386,000 after purchasing an additional 276,150 shares during the period. IFM Investors Pty Ltd grew its holdings in shares of Yum China by 37.9% in the first quarter. IFM Investors Pty Ltd now owns 23,898 shares of the company’s stock valued at $1,244,000 after purchasing an additional 6,565 shares in the last quarter. Finally, World Investment Advisors purchased a new stake in Yum China during the 1st quarter worth approximately $202,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Yum China Stock Down 1.0%

YUMC stock opened at $43.26 on Friday. The company’s 50 day moving average price is $43.93 and its 200 day moving average price is $44.61. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.63 and a beta of 0.18. Yum China has a fifty-two week low of $41.00 and a fifty-two week high of $53.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum China’s dividend payout ratio is 39.67%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Yum China presently has an average rating of “Buy” and an average target price of $60.00.

Yum China Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.